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President Woodrow Wilson stated:
” A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men.” It is reported that near the end of his life he said: “I am a most unhappy man. I have unwittingly ruined my country.” Woodrow Wilson signed the Federal Reserve Act into law on December 23rd 1913.
Representative Charles A. Lindbergh, Sr. , Minnesota sixth congressional district 1909 – 1917. The well known aviator Charles Lindberg Jr. is pictured with his father.
”This [Federal Reserve Act] establishes the most gigantic trust on earth. When the President [Wilson] signs this bill, the invisible government of the monetary power will be legalized…. the worst legislative crime of the ages is perpetrated by this banking and currency bill.” 1913
Books and pamphlets written by Lindbergh were widely distributed. In 1913, he wrote Banking, Currency, and the Money Trust. According to Eustace Mullins, plates of this book were confiscated and destroyed by Government agents. Also in 1917 Lindbergh brought articles of impeachment against members of the Federal Reserve Board including Paul Warburg and W.P.G Harding. Lindbergh charged that the Federal Reserve Board members were involved “…in a conspiracy to violate the Constitution and laws of the United States…” He also wrote Why Is Your Country at War?, The Econonic Pinch, and Who and What Caused the Panic?
In 1914, Louis Thomas McFadden was elected as a Republican Representative to the United States Sixty-fourth Congress and to the nine succeeding Congresses. McFadden (R – PA) is remembered for his criticism of the Federal Reserve, which he claimed was created and operated by European banking interests who conspired to economically control the United States. On June 10 1932 McFadden made a 25-minute speech before the House of Representatives, in which he accused the Federal Reserve of deliberately causing the Great Depression McFadden also claimed that Wall Street bankers funded the Bolshevik Revolution through the Federal Reserve banks and the European central banks with which it cooperated.
Excerpt of speech: “Mr. Chairman, we have in this country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal Reserve banks. The Federal Reserve Board, a Government board, has cheated the Government of the United States out of enough money to pay the national debt. The depredations and the iniquities of the Federal Reserve Board and the Federal Reserve banks acting together have cost this country enough money to pay the national debt several times over. This evil institution has impoverished and ruined the people of the United States, has bankrupted itself, and has practically bankrupted our Government. It has done this through defects of the law under which it operates, through the maladministration of that law by the Federal Reserve Board, and through the corrupt practices of the moneyed vultures who control it.”
McFadden moved to impeach President Herbert Hoover in 1932, and also introduced a resolution bringing conspiracy charges against the Board of Governors of the Federal Reserve. In 1933, he introduced House Resolution No. 158, articles of impeachment for the Secretary of the Treasury, two assistant Secretaries of the Treasury, the Board of Governors of the Federal Reserve, and the officers and directors of its twelve regional banks.
For more info. on Louis McFadden’ s exposing the corruption of the government click here.
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